Oil Giant Exxon Spent Decades Trying to “Influence” The Climate Agenda

The heat is turning up for one of the world’s largest oil companies, ExxonMobil. In 2006, Exxon made its first public acknowledgment of fossil fuel’s impact on climate change — but docs recently reviewed by the WSJ show that their actions had differed from their public statements. Over the next decade, execs reportedly continued to…

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More Refining Capacity Could Bring Relief to Oil Prices

Oil prices — They impact everyone, they’ve been volatile as hell and few understand how they really move. But we all know the pain of higher prices. Earlier this month, energy prices soared again after OPEC+ surprisingly cut oil production. But relief is coming to one part of the oil supply chain — which could…

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Energy prices are caught in a high-stakes game of tug-of-war

Oh, we’re sorry. Were you just getting comfortable with falling gas prices? It’d be a shame if something changed that… A high-stakes game of tug-of-war could leave you with increased energy costs. Here’s who we have on both ends: Player 1: China (the world’s larger oil importer) reopening its economy could send oil demand up…

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Energy stocks are up, yet energy prices are falling. Where do we go from here?

Holding energy stocks? You’ll want to read this one. Energy prices and stocks have diverged in recent months. Oil prices have returned to their start-of-the-year levels after a massive run. The Energy Select Sector SPDR Fund (NYSE:XLE) — a basket of oil and gas-related stocks — are still up 60% this year. Per Bespoke Investment…

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Another big quarter for cash-filled oil giants

Jan. 2022: “The Energy Sector is the only sector up this year.” **Ten months later: “**The Energy Sector is still the only sector up for the year.” The S&P 500 Energy Sector is up 61% while the S&P 500 is down 20% — and no other sector is coming close. Energy stocks closely follow oil…

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Short seller Carson Block turns to the clean energy sector for frauds

Meet Carson Block. He works as a short seller, one of the most hated professions in finance — making a living betting against companies, and profiting if they fall. Part of the job is making accusations about companies, and there’s no shortage of them in his short reports. This year, Block turned his sights toward…

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How will the Inflation Reduction Act impact the clean energy sector?

The Inflation Reduction Act is on its way to the House for voting (likely to pass) — before making its way to Biden for signing. The bill has major implications for the clean energy sector… $370B over 10 years will be available for climate and clean energy investments — estimated to reduce U.S. carbon emissions…

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The bear case for oil: a recession

European doomsday scenario averted. Russia turned back on the Nord Stream 1 pipeline, and oil prices have fallen below $100 a barrel again. What’s the big deal? On July 11, the Nord Stream 1 pipeline went down for maintenance, and investors were worried Russia would keep it shut down. That would have sent oil prices…

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Caps on Russian oil threatens to send oil prices skyrocketing

G7 economies are floating the idea of capping the price of Russian oil. Some analysts quickly dismiss the idea — while Russia is warning that these moves could bring oil prices even higher. What’s the big deal? A boycott of Russian oil has done little to stop the Ukraine invasion. Russia’s Deputy Prime Minister Alexander…

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Warren Buffett buys the recent dip in oil prices

Are those falling oil prices you’ve seen in recent weeks here to stay? Don’t get too comfortable… Brent crude oil prices fell 11% recently but started climbing this week. Like usual, supply issues are at the center of the rise. On Monday, the United Arab Emirates and Saudi Arabia told Biden they’re already pumping at…

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